TSX Venture falls, Nov. 11-15: Great Bear, Aurania, Callinex, Osino
The S&P/TSX Venture Composite Index fell 1.56% to 528.58. Spot gold finished at US$1,467.90 per oz., up 0.62%. Shares of Great Bear Resources jumped 70¢, or 11.9%, to $6.57. The…
Africa
US markets move higher, Nov. 11-15: Sibanye-Stillwater, Wheaton, Arch Coal
The Dow Jones Industrial Average rose 1.17% to 28,004.89, and the S&P 500 Index increased 0.89% to 3,120.46. Spot gold gained 0.62% to US$1,467.90. Sibanye-Stillwater climbed US52¢ per share, or…
Banro calls again for force majeure
Unlike the recurring attacks by armed jihadists in Burkina Faso, the rebel groups that are making mining impossible for Banro in the Democratic Republic of the Congo (DRC) are motivated…
BMO initiates coverage of Cardinal Resources
BMO Capital Markets is initiating coverage of Perth-based Cardinal Resources (TSX: CDV; ASX: CDV) with an outperform rating, noting that the company’s Namdini gold project in Ghana is “one of the…
China’s Yibin Tianyi invests in lithium-focused AVZ Minerals
China’s Yibin Tianyi is taking a 12% stake in Australia’s AVZ Minerals (ASX: AVZ) for A$14.1 million (US$9.6 million). The Perth-based mining company says it will use the funds to…
Iamgold study expands Essakane mine in Burkina Faso
A feasibility study has found that increasing the carbon-in-leach (CIL) plant capacity and postponing the heap leach operation to the end of the mine life is more economical than operating…
Trevali reports record quarterly zinc production
Trevali Mining (TSX: TO) released Q3 financial and operating results from its operations in Canada, South America and Africa. Q3 zinc production came in at 106.8 million pounds payable, a…
US markets mixed, Oct. 14-18: Agnico Eagle, AngloGold Ashanti, Newmont Goldcorp
The Dow Jones Industrial Average fell 0.17% to 26,770.20, while the S&P 500 Index rose 0.54% to 2,986.20. Gold stayed relatively flat at US$1,489.60 per oz., up 0.05% for the…
Implats offers $1B for North American Palladium
Eyeing its first major operations investment outside of Africa, platinum group metals (PGM) producer Impala Platinum Holdings has struck a friendly deal to buy Canadian pure-play palladium producer North American…
US markets down, Sept. 30-Oct. 4: Sibanye-Stillwater, NACCO Industries, Cleveland Cliffs
The Dow Jones Industrial Average fell 0.9% to 26,573.70 and the S&P 500 Index fell 0.34% to 2,952. Spot gold finished the trading week at US$1,504 per oz., up US$8.10…
Pit wall fails at Avesoro’s New Liberty gold mine in Liberia
Avesoro Resources (TSX: ASO) has suspended mining activities in the Kinjor-East pit at its New Liberty gold mine in Liberia, following the failure of a pit wall and ramp in the…
Waterberg study pegs 45-year mine life for Platinum Group Metals
Platinum Group Metals (TSX: PTM) tabled its definitive feasibility study (DFS) for the Waterberg platinum group metals (PGM) project in South Africa’s Bushveld Complex outlining a boost in palladium, platinum,…